Wily Art Collector Wants To Profit On Death Of Elizabeth Tailor Putting Portrait By Andy Warhol Up For Auction

Some people really have no respect or feeling for anything, it’s important to them just to make big money. So a rich man, who has unsurprisingly remained anonymous, is planning to sell a portrait of Elizabeth Taylor by Andy Warhol. This iconic portrait of the famous actress is expected to fetch up to $30 million when it goes up for auction in New York on May 12.

Liz #5 was painted in 1963 and is a dazzling tribute to Elizabeth Taylor, the auction house said in a statement. Liz #5 is a pristine gem, said Michael McGinnis, head of contemporary art at Phillips de Pury. He added: It is Warhol at his very best with a perfect screen, glowing colours, and impeccable provenance. She is classic yet every bit as cutting edge as she was when Warhol painted her nearly 50 years ago.

According to the company, the portrait embodies the most important themes of Warhol’s oeuvre including celebrity, wealth, scandal, death and Hollywood. Liz Taylor was one of Warhol’s most famous inspirations alongside Marilyn Monroe and Jackie Kennedy.

The most ever paid for a Warhol work of art was $71.7 million for his 1963 Green car crash – Green burning car I in 2007.

Taylor passed away Wednesday morning. She was 79 years old. She was hospitalized last month for issues regarding congestive heart failure. In 2004 she announced that she has been diagnosed with congestive heart failure, a progressive condition in which the heart is too weak to pump enough blood throughout the body, especially to the ankles and feet. [Christie’s]

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Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.